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XYZ Corporation reported the following income statement for the year ended December 31, 2023: Revenue $200,000 Cost of Goods Sold $80,000 Operating Expenses $50,000 Depreciation
XYZ Corporation reported the following income statement for the year ended December 31, 2023:
Revenue | $200,000 |
Cost of Goods Sold | $80,000 |
Operating Expenses | $50,000 |
Depreciation | $10,000 |
Interest Expense | $5,000 |
Taxes | $15,000 |
Calculate the gross profit margin, operating profit margin, and net profit margin for XYZ Corporation. Interpret the results and provide insights into the company's profitability.
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